Ke nobi
/ 83.5.214.* / 2009-07-24 15:48
W Chinach może być olbrzymia nadwyżka miedzi (1,3 mln ton), którą teraz moga rzucić na rynek, uważa Sumitomo.
Mining Journal > Production and Markets > Copper rally may halt on China, Sumitomo Mining says
Copper rally may halt on China, Sumitomo Mining says
Production and Markets
Copper rally may halt on China, Sumitomo Mining says
Publishing Date
24 Jul 2009 12:35pm GMT
Author
Mining Journal
China’s copper imports are slowing after record purchases, likely ending an 81% price rally this year, according to Sumitomo Metal Mining Co, Japan’s second-largest smelter of the metal.
"Excessive imports mean much of the purchased metal was just stored, raising the risk that they may sell it back to the market and depress prices," Koichi Kaku, general manager at the Tokyo-based company’s copper and precious metals sales department, said. Imports may have exceeded manufacturing demand by as much as 1.3Mt in the first half, he said.